Preference:

Prices are consolidating in an inverse head and shoulders pattern. We see potential for a climb from our Pivot at 1783.782 in line with 78.6% Fibonacci retracement and graphical overlap towards our 1st resistance at 1799.444 which is an area of Fibonacci confluences.

Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 1776.572 which is a graphical swing low.

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